Kings Castle Hotel and Casino

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Kings Castle Hotel and Casino was a hotel and casino owned and operated by Nathan "Nate" Jacobson on the north shore of Lake Tahoe in Incline Village, Nevada.[1] It opened in 1970 and closed after Jacobson filed for bankruptcy in 1972.[2]

History

Nathan Jacobson was a Baltimore insurance executive who became the president and part owner of

Securities and Exchange Commission relating to the sale of Caesars Palace in 1969.[5][6]

In 1969, Jacobson purchased the property of the former Incline Village Casino and Lake Tahoe Hotel. He invested $20 million into the property and renovated it into a Camelot-themed hotel and casino.

conservationists even closer to suicide."[3]

Kings Castle was the first major hotel/casino operation on the north shore devoted to top name entertainment.

B.B. King, Don Adams, Don Rickles, Tony Bennett, Shecky Greene, and Pearl Bailey.[7]

In 1971, the casino did more than $5‐million in gambling volume, but the hotel had suffered "considerable financial losses" since it was opened.[2] In November 1971, Jacobson and his other minority stockholders agreed to sell the hotel casino to August T. Marra and Dr. Joseph Barkett.[2]

References

  1. ^ a b c Tiegel, Elliot (July 18, 1970). "Kings Castle Making Bid for Vegas' Silver Circuit Gold" (PDF). Billboard. p. 26.
  2. ^
    ISSN 0362-4331
    . Retrieved 2021-01-12.
  3. ^ a b c d e Bender, Alison (2016-08-10). "A Castle in the Pines". Tahoe Quarterly. Retrieved 2021-01-13.
  4. ISBN 978-1-59077-136-5
    .
  5. ^ SEC News Digest 1971
  6. ^ SEC News Digest 1975
  7. ^ Geller, Harvey (July 11, 1970). "Insight & Sound" (PDF). Cash Box.
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